Post by
Franman184 on Jun 17, 2022 11:27am
This is like throwing cash in the street!
I would buy more stock if I had any more cash. Canadian oil is dirt cheap and people will look back in a couple of years and say I remember the week they were literally throwing cash in the streets.
Comment by
1condor on Jun 17, 2022 12:11pm
There looks to be good support around 4.50. Not sure if it gets there but the downdrafts lately have been strong. There has also been a lot of money made by investors over the past year so profit taking is definately at play.
Comment by
Chad123 on Jun 17, 2022 12:30pm
Hi 1Condor, been a while since I saw a post from you. Are you in or looking to get in? You seem to be a bit better than me at picking spots. TIA
Comment by
1condor on Jun 17, 2022 12:43pm
Chad123...I am looking to add. My initial buy is about 5 percent higher than todays price (so a little under water at this time). Market is so skittish right now it hard to pick an entry point on anything.
Comment by
Chad123 on Jun 17, 2022 1:01pm
Thanks. I sold for profit a few days ago and started buying back yesterday. Guess I was a little too early. Have an order in @ $4.55. Will see if it gets filled. Not sure what is going on but it looks like it could be a $10 drop on WTI today..... All the best